MPC on breakout Watch

11 May 2017

Watch for weekly close above he orange resistance line. RSI needs to continue to find strength. Watch that MACD Cross. Not sure how strong that signal is.

22 May 2017

Not

Last week we saw a doji at the top of the daily rally. Failed to break out then. However still holding above 52.

One more note. I recall that MACD crosses that occur above the zero line are not very meaningful when compared to a cross that occurs at zero. So nothing screaming too much here on the weekly chart.

22 May 2017

Not

My rsi trendline drawing was learned from "Eric Muathe"